Q4 EPS Estimate for BlackSky Technology Increased by Analyst

Key Points

• Sidoti raised its Q4 2027 EPS forecast for BlackSky to $0.20 from $0.18; its estimates are $0.07 for Q2 2028 and $0.15 for Q3 2028.
• BlackSky reported quarterly EPS of $0.10, beating the consensus estimate of a $0.23 loss, while revenue of $42.84 million topped the $39.64 million estimate.
• Analyst sentiment is a “Moderate Buy,” with an average price target of $39.33. Shares opened at $21.24, and company insiders have sold 168,557 shares worth about $3.5 million over the past three months.

BlackSky Technology Inc. (NYSE:BKSY - Free Report) - Analysts at Sidoti raised their Q4 2027 earnings estimates for BlackSky Technology in a research report issued to clients and investors on Friday, November 6th. Sidoti analyst G. Burns now expects that the company will post earnings per share of $0.20 for the quarter, up from their prior forecast of $0.18. The consensus estimate for BlackSky Technology's current full-year earnings is ($1.09) per share. Sidoti also issued estimates for BlackSky Technology's Q2 2028 earnings at $0.07 EPS and Q3 2028 earnings at $0.15 EPS.

Several other equities analysts have also issued reports on the company. Clear Str upgraded BlackSky Technology from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Wall Street Zen upgraded BlackSky Technology from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of BlackSky Technology in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.33.

BlackSky Technology Trading Down 0.4%

Shares of BKSY stock opened at $21.24 on Monday. The stock's fifty day moving average price is $20.39 and its two-hundred day moving average price is $26.97. The company has a market cap of $879.25 million, a PE ratio of -16.59 and a beta of 2.84. BlackSky Technology has a fifty-two week low of $12.41 and a fifty-two week high of $52.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.72 and a current ratio of 5.83.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.33. BlackSky Technology had a negative net margin of 24.86% and a negative return on equity of 35.72%. The business had revenue of $42.84 million during the quarter, compared to the consensus estimate of $39.64 million.

Institutional Trading of BlackSky Technology

A number of hedge funds have recently added to or reduced their stakes in BKSY. Sterling Capital Management LLC grew its stake in shares of BlackSky Technology by 935.6% during the third quarter. Sterling Capital Management LLC now owns 1,222 shares of the company's stock worth $26,000 after buying an additional 1,104 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of BlackSky Technology during the first quarter worth $48,000. State of Alaska Department of Revenue acquired a new position in shares of BlackSky Technology during the third quarter worth $41,000. Vontobel Holding Ltd. lifted its stake in shares of BlackSky Technology by 20.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 11,939 shares of the company's stock valued at $254,000 after acquiring an additional 1,992 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of BlackSky Technology by 27.0% in the 1st quarter. Cetera Investment Advisers now owns 15,252 shares of the company's stock valued at $384,000 after acquiring an additional 3,244 shares during the last quarter. Institutional investors and hedge funds own 27.15% of the company's stock.

Insider Activity

In related news, CAO Christiana L. Lin sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $16.86, for a total transaction of $101,160.00. Following the completion of the transaction, the chief accounting officer directly owned 415,680 shares in the company, valued at $7,008,364.80. This represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Henry Dubois sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $16.85, for a total transaction of $67,400.00. Following the transaction, the chief financial officer owned 474,931 shares of the company's stock, valued at approximately $8,002,587.35. This represents a 0.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 168,557 shares of company stock worth $3,497,029. Corporate insiders own 5.20% of the company's stock.

About BlackSky Technology

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.

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